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TNB posts net income of $7.80 million in Q1 2020

2020-05-18

According to the financial statements of the National Bank TNB for the 1st Quarter of 2020, Net profit after tax of the period reached 3,799,845 USD Compared with Net profit after tax 5,569,413 USD for 2019, a net decrease in profit of 31.77%.Total assets of the company reached 2,367,967,093 USD compared with total assets of 2,421,675,019 USD at the end of year 2019, a net decrease of 2.22%.Total liabilities of the company reached 2,169,279,297 USD compared with total liabilities of 2,226,064,716 USD at the end of year 2019, a net decrease of 2.55%. Net ownership equity of the company reached 198,687,796 USD (Including Non-Controlling Interests of 101,094,779 USD) compared with total owner equity of 195,610,303 USD (Including Non-Controlling Interests of 99,163,149 USD) at the end of year 2019, a net increase of 1.57%.